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Read previewDonald Trump's social media accounts have returned to pre-Capitol riot status. Meta appears to be the final major social media platform to roll back the last of its January 6-era restrictions on Trump's accounts. AdvertisementAfter Elon Musk purchased Twitter, he reinstated Trump's account in November 2022. Though his old social media accounts are now unrestricted and boasting tens of millions of followers, Trump is still primarily sticking with his own company, Truth Social. AdvertisementRepresentatives for the Trump campaign did not immediately respond to a request for comment from Business Insider.
Persons: , Donald, Meta, Trump, Mark Zuckerberg, he's, Elon Musk Organizations: Service, Capitol, Meta, Business, Facebook, Republican, Trump, Google, Twitter, YouTube, Truth, Truth Social, SEC Locations: United States
Read previewPresident Joe Biden's campaign blasted Elon Musk after reports that Musk donated to a pro-Trump super PAC this week. Musk donated an undisclosed amount of money to America PAC — a super PAC working to elect Donald Trump in 2024 — Bloomberg first reported on Friday. This story is available exclusively to Business Insider subscribers. "Arrogant billionaires only out for themselves are not what America wants or what America needs," James Singer, a spokesman for the Biden campaign, told Bloomberg in a statement. AdvertisementRepresentatives for the Biden campaign did not immediately return a request for comment from Business Insider on Saturday.
Persons: , Joe Biden's, Elon Musk, Musk, Donald Trump, James Singer, Biden, Elon, Trump, Joe Biden, Kamala Harris Organizations: Service, Trump, America PAC —, — Bloomberg, Business, America, Bloomberg, White House, Ford, Tesla, Wall Street Journal, Democrats, GOP Locations: America
Read previewElon Musk has denied that he offered up his sperm to help start a colony on Mars. "I have not, for what it's worth, 'volunteered my sperm'" wrote Musk in a post on X. Two people with knowledge of Musk's comments also told the NYT the Tesla CEO had volunteered his sperm to help grow the colony. Experts told Business Insider that it is unclear how practical it would be for Musk to send sperm to Mars. Elon Musk and SpaceX did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon Musk, I've, Musk, Adam Watkins Organizations: Service, SpaceX, New York Times, Business, Times, Mars, University of Nottingham Locations: Mars
Kimbal Musk said he felt hopeless when his brother Elon got beaten up at school. He told The Times of London that Musk had upset those involved but didn't deserve the severe beating. The brothers grew up in South Africa, which Kimbal described as a "very violent place" at the time. AdvertisementElon Musk's brother Kimbal Musk felt hopeless when Elon got "severely" beaten up at school, he told The Times of London in an interview. Kimbal Musk recounted his experience growing up with his older brother in South Africa, a place he described as "very violent" at the time.
Persons: Kimbal Musk, Elon, Musk, Kimbal, Organizations: Times, Service, Business Locations: London, South Africa
SpaceX Falcon 9 rocket fails during routine mission
  + stars: | 2024-07-12 | by ( Jackie Wattles | ) edition.cnn.com   time to read: +3 min
The launch vehicle carried 20 satellites for SpaceX’s Starlink network, which already operates via more than 6,000 satellites that have been deployed via dozens of launches. “During tonight’s Falcon 9 launch of Starlink, the second stage engine did not complete its second burn. As a result, the Starlink satellites were deployed into a lower than intended orbit,” according to a statement from SpaceX. Musk added that the Starlink satellites were deployed into orbit, but they may be too near Earth to remain there for long. It’s not clear what this mishap means for the future of SpaceX’s Falcon 9.
Persons: CNN —, Elon Musk, , ” Musk, Jared Isaacman Organizations: CNN, Falcon, NASA, Vandenberg Space Force, SpaceX, International Space, Federal Aviation Administration Locations: California
SpaceX Rocket Fails, Breaking Apart in Orbit
  + stars: | 2024-07-12 | by ( Kenneth Chang | ) www.nytimes.com   time to read: +1 min
The second stage of a SpaceX Falcon 9 rocket sustained a rare but catastrophic failure Thursday night, disintegrating in orbit during the deployment of the company’s latest batch of Starlink internet satellites. In a posting on X two hours after launch, Elon Musk, the chief executive of SpaceX, reported that the rocket had suffered a “RUD” — rapid unscheduled disassembly — while in orbit. It remained uncertain whether SpaceX could salvage the 20 Starlink satellites jeopardized by the rocket malfunction. This is the first failure of a Falcon 9 rocket since 2016, when one exploded on the launchpad during the loading of propellants for an engine firing test. Between that explosion, which destroyed an Israeli satellite, and the malfunction on Thursday, SpaceX had enjoyed a streak of more than 300 successful Falcon 9 missions.
Persons: Elon Musk, Organizations: SpaceX
Read previewPresident Joe Biden's press conference on Thursday was hotly watched by the nation, including one Elon Musk. Musk said in response to a clip where Biden had accidentally referred to Vice President Kamala Harris as "Vice President Trump." Advertisement"I wouldn't have picked Vice President Trump to be vice president, if she's not qualified to be president," Biden said on Thursday. — Elon Musk (@elonmusk) July 12, 2024Musk also poked fun at the muted facial expressions Biden's Cabinet members had when he made the mistake. I'm not saying I'd vote for Trump," Musk told moderator Andrew Ross Sorkin at The New York Times Dealbook Summit in November.
Persons: , Joe Biden's, Elon, couldn't, gaffes, Musk, Biden, Kamala Harris, Trump, Harris, she's, Karine Jean, Pierre, John Kirby, Justin Sink, Tesla, Donald Trump, I'm, Andrew Ross Sorkin, Ron DeSantis, he's, Don Lemon Organizations: Service, Business, Trump, downer, White, National Security, Bloomberg, Democratic Party of, The New York Times Dealbook Summit, Florida Gov, GOP, CNN, BI Locations: Southern, Florida
Carson Block told Bloomberg TV that the stock market needs short sellers "more than ever." AdvertisementThe market needs to embrace short sellers if it wants to free itself of fraud, Carson Block told Bloomberg TV. He added: "The market needs short sellers more than ever, given the amount of games that are being played. AdvertisementMeanwhile, some companies have taken to trying to turn investors against short sellers, Block added. "It's easy to demonize short sellers, as part of the populist messaging, and somehow call us suits," Block said.
Persons: Carson, , Carson Block, Jim Chanos, Chanos, David Einhorn, Elon Musk Organizations: Carson Block, Bloomberg, Service, Muddy Waters, JPMorgan, US Securities, Exchange, Tesla's, Trump Media, Technology Group
EU accuses Elon Musk’s X of misleading users
  + stars: | 2024-07-12 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: 1 min
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Elon Musk's X is in breach of EU online content rules as the social media platform uses "dark patterns" to deceive users, the European Commission said Friday. The body's preliminary view, published Friday, is that the platform has broken rules regarding dark patterns, advertising transparency and data access for researchers. X's use of the blue checkmark for "verified accounts" does not correspond to industry practices as anyone can subscribe and obtain a verified status, the commission said. It added that there was evidence of "motivated malicious actors" abusing the verified status to deceive users. If the commission's views are confirmed, X could face a fine of up to 6% of its global annual turnover.
Persons: Elon Musk, Elon Musk's, Thierry Breton Organizations: SpaceX, Tesla, European Commission, Digital Services Locations: Beverly Hills , California
Everyone has complaints about the way Elon Musk runs Twitter. Add European regulators to that list: They don't like the way he's changed the service's "blue check" program for "verified users." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Elon Musk, Organizations: Elon, Service, Business
The U.S. Court of Appeals for the District of Columbia rejected a legal challenge from DISH Network (DISH.MX) New Tab , opens new tab and an environmental group composed of amateur astronomers and dark-sky enthusiasts. The court in 2022 rejected a separate challenge to SpaceX's plan to deploy satellites at a lower Earth orbit than planned. In late 2022, the FCC approved SpaceX's request to deploy up to 7,500 satellites after the commission in 2018 approved SpaceX plans to deploy up to 4,425 first-generation satellites. The three-judge panel said the FCC "decision to license SpaceX’s Gen2 Starlink satellites was lawful and reasonable." New Tab , opens new tab
Persons: Veronica Gabriela Cardenas, Elon Musk's, Jessica Rosenworcel, David Shepardson, Franklin Paul, Diane Craft Organizations: SpaceX, REUTERS, Federal Communications Commission, U.S, Appeals, District of Columbia, FCC, Elon Musk's SpaceX, Opportunity Fund, Thomson Locations: Brownsville , Texas, U.S, WASHINGTON
Elon Musk is cloaking his jet travels again
  + stars: | 2024-07-12 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com   time to read: +1 min
Elon Musk resumed using a government program to hide his private jet travels in June. A special FAA privacy program allows private planes to fly incognito with temporary IDs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo years after appearing to give up on hiding his private jet travels, Elon Musk has once again taken steps to keep his travel history private. His jet, a Gulfstream G650ER, has been on 14 different flights since the, JetSpy data shows.
Persons: Elon Musk, Musk, Organizations: Elon, FAA, Service, Gulfstream, Business
European regulators said Elon Musk's X deceives users and breaches EU rules. The European Commission cited issues with data access, advertising transparency, and "dark patterns." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's X deceives its users and breaches online content rules, the European Commission said on Friday. The body said X's blue checkmark system for "verified accounts" deceives users as anyone can pay to obtain verified status.
Persons: Elon Musk's, , Elon Organizations: Service, European Commission
SpaceX's Falcon 9 is pictured launching satellites to orbit in space after it lifted off from the Vandenberg Space Force Base in California, U.S., in this screenshot obtained from a handout video released on July 12, 2024. SpaceX's Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure — a rare misfire for the company's workhorse vehicle. The mission, known as "Starlink Group 9-3," launched from California's Vandenberg Space Force Base on Thursday evening and was carrying 20 satellites bound for low Earth orbit. But the rocket's upper second stage failed to reignite its engine as planned and was destroyed, SpaceX CEO Elon Musk confirmed. Falcon 9 is grounded until the Federal Aviation Administration signs off on SpaceX's investigation of the incident, the federal regulator confirmed.
Persons: SpaceX's, Elon Musk, Musk Organizations: Vandenberg Space Force, California's Vandenberg Space Force Base, SpaceX, Federal Aviation Administration, FAA, CNBC Locations: California, U.S
Elon Musk's X plans to sublease its headquarters, the San Francisco Chronicle reported. Its entire office, nearly 460,000 square feet of space, will reportedly be sublet. Musk has openly criticized San Francisco in the past and slammed it as a "disaster." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company is set to sublease its San Francisco headquarters, the San Francisco Chronicle reported.
Persons: Elon Musk's, Musk, San Francisco, , JLL Organizations: San Francisco Chronicle, Service Locations: San Francisco
CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
  + stars: | 2024-07-12 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The declines follow the lowest consumer price index in over three years. The yield on the 10-year Treasury fell, while U.S. oil prices rose on hopes of a rate cut. The Fed is "one step closer to a September rate cut," said Chris Larkin, managing director of trading and investing at E-Trade.
Persons: Jesse Pound, Chris Larkin, Kit Juckes, Elon Musk, Jamie Dimon's Organizations: CNBC, Nasdaq, Big Tech, Nvidia, Meta, Dow Jones, Treasury, U.S, Societe Generale, Delta Air Lines, Paris, Bloomberg, JPMorgan Locations: U.S
Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market. Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla.
Persons: Trump, Tesla, Wedbush, Trump's, Organizations: Market, Service, Elon, Business
But for now, we're turning to Wall Street in our big story, as big banks gear up to report their earnings. The big storyEarnings to watchMomo Takahashi/BIJust like that, it's Wall Street earnings season once again. Wall Street banks have been waiting for M&A, IPOs, and other fee-generating corporate dealmaking to come roaring back for two years. In May, the CEO shocked Wall Street by saying he plans to step down in the next five years . Will banks start charging for everyday consumer products like checking accounts?
Persons: , Joe Biden's, Sen, Peter Welch, Biden, Momo Takahashi, Wells, Goldman Sachs, Morgan Stanley, Kaja Whitehouse, Jamie Dimon's, Kaja, Jefferies, Jamie Dimon, Wall, Marianne Lake, We're, Larry Fink, Jenny Chang, Rodriguez, Neil Dutta, Tesla's, Elon Musk, Jeff Bezos, Rich Guy, Alyssa Powell, Andrei Cojocaru, David Zaslav, isn't, Joe, Zaslav, Jordan Parker Erb, Lisa Ryan, Joe Ciolli, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democrat, Democratic, Hollywood, NATO, Business, showtime, JPMorgan, Citigroup, BlackRock, Bank of America, Getty, Warner Bros, Discovery, Air Lines, PepsiCo, Bureau of Labor Statistics Locations: New York, Chicago, London
Hal Lawton, the chief executive of the Brentwood, Tennessee-based company, had said these initiatives “make great business sense for Tractor Supply.”But Tractor Supply has decided that all of those risks are now worth ignoring. By walking away from diversity and climate goals, Tractor Supply has become the latest corporate giant to retreat from progressive initiatives it once promoted, joining Bud Light, Target and others. Tractor Supply declined to comment on these statements. Tractor Supply’s customer base has historically been primarily older men, who lean Republican, but Tractor Supply has increasingly tried to draw Millennials and women, who tend to favor Democrats. Tractor Supply’s reversal could hurt it with these customers, who could be crucial as the company’s historic base ages out of the market.
Persons: Hal Lawton, Bud, , Nooshin Warren, “ They’re, ” John Boyd, Steve Helber, Robby Starbuck, , It’s, ” Boyd, Donald Trump, Joe Biden, ” Lawton, ” Eric Bloem, George Floyd, Bill Ackman, Elon Musk, They’ve, Chick, Bud Light, Jeff Chiu, Bud Light’s, influencer Dylan Mulvaney, CNN’s Eva Rothenberg Organizations: New, New York CNN, Tractor Supply, Supply, Human Rights, Bud Light, University of Arizona, National Black Farmers Association, AP Tractor Supply, Human, Tennessee’s, Congressional District, , Black Farmers Association, CNN, , Tractor, Republican, Pew, Democratic, Disney, Nike, Anheuser, Busch InBev, Target Locations: New York, Brentwood , Tennessee, United States, America, Minneapolis
Elon Musk offered his sperm to seed a settlement on Mars, anonymous sources told The New York Times. Secretive teams at SpaceX are investigating options for a Mars colony, including reproduction, according to the report. It's unclear whether it's possible to have babies on Mars due to high radiation and low gravity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Two anonymous sources told the Times that Musk had volunteered his sperm.
Persons: Elon Musk, , Elon, Mars, Musk Organizations: New York Times, SpaceX, Service, Times, Business
Tesla shares fell about 6% on Thursday after Bloomberg reported that the electric vehicle maker is delaying the unveiling of its Robotaxi by two months. Tesla's stock slump on Thursday followed an 11-day rally that was sparked by a better-than-expected deliveries report for the second quarter. Tesla CEO Elon Musk has promised shareholders a robotaxi for years. In 2015, he said Tesla's cars would achieve "full autonomy" within three years. However, the company has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles.
Persons: Elon Musk, The Beverly Hilton, Tesla, Musk, — CNBC's Lora Kolodny Organizations: SpaceX, Tesla, Milken Global, The Beverly, Bloomberg, General Motors Locations: Beverly Hills , California, China, Tesla
For more than two decades, Elon Musk has focused SpaceX, his rocket company, on his lifelong goal of reaching Mars. Over the last year, he has also ramped up work on what will happen if he gets there. One team is drawing up plans for small dome habitats, including the materials that could be used to build them. Mr. Musk has volunteered his sperm to help seed a colony, two people familiar with his comments said. The initiatives, which are in their infancy, are a shift toward more concrete planning for life on Mars as Mr. Musk’s timeline has hastened.
Persons: Elon Musk, Musk Organizations: The New York Times, SpaceX Locations: Mars
Tesla is reportedly pushing back its robotaxi day to October. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla is reportedly pushing back its robotaxi event to the fall, according to a report from Bloomberg on Thursday. Elon Musk's automaker had been aiming to host investors at an event detailing its long-awaited robotaxi business plans on August 8, less than a month from now. Bloomberg reported that the company will now need more time to work up prototypes for the event, pushing the date back to October.
Persons: Tesla, , Elon Organizations: Service, Bloomberg, Elon Musk's, Business
Read previewNASA said it has no plans right now to send one of Elon Musk's spacecrafts to rescue two astronauts stranded on the International Space Station. Speaking in a joint NASA-Boeing press briefing on Wednesday, NASA official Steve Stich said there had been "no discussion" about sending a SpaceX Dragon to pick up NASA astronauts Suni Williams and Butch Wilmore, stranded on the ISS aboard Boeing's Starliner spacecraft. The prospect of the astronauts being rescued by SpaceX would be humiliating for Boeing, which is competing with Elon Musk's rocket company to transport astronauts to the ISS. The aviation giant has lagged behind SpaceX, which completed its first crewed mission to the ISS with its Dragon capsule in 2020. Boeing and NASA did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon Musk's, Steve Stich, Suni Williams, Butch Wilmore, NASA's, Stich, Elon, we've, Butch, Suni, We've, Starliner, Musk, David Calhoun's Organizations: Service, NASA, Space, Boeing, SpaceX, Business, NASA's Kennedy Space Center, Elon Musk's, Alaska Airlines Locations: Florida, Starliner
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